NHAI CAPITAL GAINS BOND

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2011 I had capital gains from sale of a residential house in December 2010.As I get 6 months time under 54EC,I want to invest in NHAI bonds in April/May 2011.Can I continue to keep the capital gain amount in my savings bank a/c till such time?Would the NHAI capital gains bond be available for purchase in April/May 2011? Is the coupon rate of such bonds likely to increase from the prevailing 6% rate?

Gayathri Devi

Gayathri Devi (Expert)

02 March 2011 The invested long term capital gain in NHAI bond u/s 54 EC should not be withdrawn for the three years if is withdrawn then it will be considered for computing Long term capital Gain.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

09 October 2021 Yes, you can continue to keep the amount in saving account. But for availability of bond in April, don't take chance. Coupon Rate may not increase, but chances are for any decrease.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now